SHANGHAI, Feb. 10,
2023 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or
the "Company") (NYSE: RERE), a leading technology-driven pre-owned
consumer electronics transactions and services platform
in China, today announced that Ms. Shuangxi Wu has been appointed as a new member
of the Company's board of directors (the "Board"), effective on
February 10, 2023, to fill in the
vacancy arising from the resignation of Mr. Yanzhong Yao. Upon the appointment of Ms.
Shuangxi Wu, the Board consists of
eight members: Mr. Kerry Xuefeng
Chen, Mr. Yongliang Wang, Mr.
Chen Chen, Mr. Lijun Xin, Ms. Shuangxi
Wu, Mr. Jingbo Wang, Mr.
Guoxing Jiang and Ms. Rui Zhu.
Ms. Shuangxi Wu is vice president
of JD.com and president of JD Electronics Business Group. Since
joining JD.com in July 2011, Ms. Wu
has successively served various leading roles at JD.com, including
head of Office Supplies and Computer Department, head of Operating
Strategy and Procurement and Sales Operation of JD New Markets,
head of Liquor Department, head of Refrigerator and Washing Machine
Department, and president of Computer and Electronics Business
Unit. Ms. Wu graduated from Beijing Normal University with a
master's degree in law.
Mr. Kerry Xuefeng Chen, the
Company's Founder, Chairman, and Chief Executive Officer, on behalf
of the Board and the management of the Company, said, "We are
delighted to welcome Ms. Shuangxi Wu
to the Board as we make unceasing joint efforts with JD.com to
satisfy consumers' demand for seamless trade-in solutions in
addition to green recycling of used electronics and purchasing
value-for-money devices. We believe Ms. Shuangxi Wu will bring us great inspirations
with her extensive experience across multiple product categories
while underpinning our industry-leading offerings for consumer
electronics. Meanwhile, we appreciate the precious insights from
Mr. Yanzhong Yao which benefitted
our steady business growth."
About ATRenew Inc.
Headquartered in Shanghai,
ATRenew Inc. operates a leading technology-driven pre-owned
consumer electronics transactions and services platform in
China under the brand ATRenew.
Since its inception in 2011, ATRenew has been on a mission to give
a second life to all idle goods, addressing the environmental
impact of pre-owned consumer electronics by facilitating recycling
and trade-in services, and distributing the devices to prolong
their lifecycle. ATRenew's open platform integrates C2B, B2B, and
B2C capabilities to empower its online and offline services.
Through its end-to-end coverage of the entire value chain and its
proprietary inspection, grading, and pricing technologies, ATRenew
sets the standard for China's
pre-owned consumer electronics industry.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements pursuant to the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "aims,"
"future," "intends," "plans," "believes," "estimates," "likely to"
and similar statements. Among other things, quotations in this
announcement, contain forward-looking statements. ATRenew may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about ATRenew's beliefs,
plans and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: ATRenew's
strategies; ATRenew's future business development, financial
condition and results of operations; ATRenew's ability to maintain
its relationship with major strategic investors; its ability to
facilitate pre-owned consumer electronics transactions and provide
relevant services; its ability to maintain and enhance the
recognition and reputation of its brand; general economic and
business conditions globally and in China and assumptions underlying or related to
any of the foregoing. Further information regarding these and other
risks is included in ATRenew's filings with the SEC. All
information provided in this press release is as of the date of
this press release, and ATRenew does not undertake any obligation
to update any forward-looking statement, except as required under
applicable law.
Investor Relations Contact
In China:
ATRenew Inc.
Investor Relations
Email: ir@atrenew.com
In the United States:
ICR LLC.
Email: atrenew@icrinc.com
Tel: +1-212-537-0461
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SOURCE ATRenew Inc.
